PrimeLending will pay more than $1.6 million as part of a settlement with the California Department of Business Oversight, which accused the Texas-based lender of overcharging hundreds of California borrowers for interest on their mortgages. Only when the CDBO informed the company it planned to file an enforcement action and suspend the firm’s license to conduct business within the state did PrimeLending begin to comply the with state’s laws.
from Byrd Mix http://www.housingwire.com/articles/38478-primelending-to-pay-16-million-to-settle-charges-of-overcharging-california-borrowers via byrd memphis developer
from Tumblr http://red-robin9.tumblr.com/post/152942023347
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